Golden rules of accounting
Answer Posted / shruthi h
personal account- Debit the receiver
Credit the giver
real account - Debit What comes in
Credit what goes out
naminal Account - Debit All expences and losses
Credit All Income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what are valuation accounts?
how to entery pass in tally when items damage(items insured)and claim to insurance co.
What is a bad credit score?
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
what is meant by cash purchase?
Can i make invoice when my client apply for TIN Number ?
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
what is CDD’s configuration
institutional investors?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
what is the main difference between nse & bse operations
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP